Russia (News/Activism)

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  • Traders Betting Russia’s Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 18 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 31 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • Panic on the streets of Russia: Worried shoppers queue to panic-buy big-ticket items amid fears

    12/17/2014 8:33:35 AM PST · by C19fan · 53 replies
    UK Daily Mail ^ | Decemeber 17, 2014 | Chris Pleasance
    Russia shoppers have been panic-buying everything from cars to flat pack furniture today after stores warned of price hikes at the weekend following a sharp fall in the value of the rouble. Several Ikea stores have been forced to close after the company warned its prices will go up from tomorrow, while cars and home appliances have been bought in record numbers. The rouble has slid 15 per cent in just two days, hitting an all-time low of 80 to the dollar at one point yesterday, prompting fears of a run on Russian banks.
  • What the Hell Is a “Conventional Currency Unit?” (Russia)

    12/17/2014 8:02:58 AM PST · by C19fan · 6 replies
    Vocatix ^ | December 16, 2014 | Sarah Kaufman
    Russians are saying “ooh yeh” to the collapse of their currency, but it’s not as positive as it might sound to Western ears. As the value of the ruble goes into free fall, Russians are preparing for a return to the economic chaos of the ’90s. At a retail level, it means that store managers across Russia are rewriting their price tags in a currency Russians call a “conventional currency unit.” In Russian, the phrase for “conventional currency unit” is uslovnaya yedinitsa—abbreviated to an acronym pronounced ooh yeh.
  • "Ripped our guts again": Family that lost relatives in Flight 370 loses another in Ukraine crash

    07/18/2014 2:35:37 PM PDT · by Responsibility2nd · 6 replies
    CBS/AP ^ | 07/18/2014
    Relatives, friends and colleagues paid tribute Friday to Malaysia Airlines Flight 17 crash victims even before the airline released their names as it scrambled to contact the next of kin of the victims. For one Australian family, the crash represented an almost unbelievable double tragedy. Kaylene Mann's brother Rod Burrows and sister-in-law Mary Burrows were on board Malaysia Airlines Flight 370 when it vanished in March. On Friday, Mann found out that her stepdaughter, Maree Rizk, was killed on Flight 17. "It's just brought everyone, everything back," said Greg Burrows, Mann's brother. "It's just ... ripped our guts again."
  • Russia Is Throwing The Kitchen Sink At The Ruble To Try To Stop Its Collapse

    12/17/2014 5:18:08 AM PST · by blam · 10 replies
    BI ^ | 12-17-2014 | Mike Bird
    Mike Bird December 17, 2014 After a brutal sell-off Tuesday, the ruble shot up in early trading Wednesday morning, rising by nearly 7%, from 68 to the dollar to 63.16 at 8:09 a.m. GMT. The rise came as the Russian finance ministry intervened in the currency market, according to Bloomberg. That means it's selling off a chunk of its dollar reserves to buy rubles, driving the currency's value up. By 9 a.m., though, the exchange rate fell back to where it started, and the ruble is falling again: down 0.68% at 68.51 as of 10:15 a.m. GMT. Here's how the...
  • Russians Are Scrambling To Get Their Hands On US Dollars

    12/16/2014 10:05:30 PM PST · by blam · 49 replies
    BI ^ | 12-17-2014 | Elena Holodny
    Elena Holodny December 16, 2014As Russia's currency crisis unfolds, Russians are scrambling to get their hands on US dollars. Even Russians working in the oil sector are rushing to trade their rubles in for dollars. A bank in Russia's Khanty-Mansiysk region — aka an area in Russia that produces approximately 51% of Russian oil — has completely run out of dollars, and is almost out of euros, reports Interfax. The bank still has rubles. "Basically, what this means is that people who work in the oil industry [in Khanty-Mansiysk] just got all of their money out of the bank in...
  • RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT

    12/16/2014 3:14:47 PM PST · by Star Traveler · 81 replies
    Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak
    WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine. The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions...
  • Russia risks Soviet-style collapse as rouble defence fails

    12/17/2014 4:51:27 AM PST · by elhombrelibre · 30 replies
    Daily Telegraph ^ | Ambrose Evans-Pritchard
    Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble. “The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago."
  • Oil Prices, Sanctions and Currency Collapse Put Putin in a Bind

    12/17/2014 4:37:09 AM PST · by elhombrelibre · 10 replies
    NBC ^ | 16 Dec 14 | Erin McClam
    Vladimir Putin is suddenly feeling the squeeze. The Russian president, earlier this year a swashbuckling land-grabber who seemed to confound the West, finds himself in a three-way economic vise — tumbling oil prices, punishing sanctions and now a collapse in his country's currency. "He really is going to be hit by a perfect storm," said Andrew Kuchins, director of the Russia program at the Center for Strategic & International Studies. "Although much of it is his own making." The value of the Russian ruble plunged by as much as 20 percent on Tuesday despite a desperate attempt by the central...
  • Vladimir Putin's woes are about to get worse

    12/17/2014 4:26:55 AM PST · by elhombrelibre · 20 replies
    CNN ^ | 17 Dec 14 | Frida Ghitis
    What would you do if you were Vladimir Putin? What would you do if you were a Russian citizen? Russia's economic problems -- slowly incubating in recent months -- are about to get a lot worse. And that should make all of us nervous.
  • Russian ruble suffers new fall but the collapse slows

    12/17/2014 4:01:33 AM PST · by elhombrelibre · 11 replies
    Reuters ^ | 17 Dec 14 | Vladimir Abramov and Alexander Winning
    The dramatic fall in Russia's ruble slowed on Wednesday, with the government selling foreign currency to prop it up after a 50 percent fall against the dollar this year. Losses were partly contained by exporters selling dollars in preparation for paying their monthly tax bills but the slide was less precipitous than in the past two days when it fell about 20 percent against the dollar. At 0508 ET, the ruble was down around 1.6 percent against the dollar at 68.58 rubles per dollar and was 0.3 percent weaker versus the euro at 85.40.
  • The Ruble’s Fall and Mr. Putin’s Reckoning

    12/17/2014 12:35:04 AM PST · by elhombrelibre · 39 replies
    NYT ^ | 16 Dec 14 | OP ED
    Russians are watching their country suffer another avoidable economic calamity. The blame for this rests largely with the disastrous policies of President Vladimir Putin, who has consistently put his ego, his territorial ambitions and the financial interests of his cronies ahead of the needs of his country. ........................................................ Long before he annexed the Crimean peninsula and began backing pro-Russian forces in eastern Ukraine, Mr. Putin created an economic system that allowed a coterie of insiders to grow wealthy on Russia’s vast oil and gas reserves. He did little to diversify the economy or to make it more resilient. Now Russian...
  • Lithuanian archbishop worried Russian will move against Baltic states

    12/16/2014 3:23:00 PM PST · by Tailgunner Joe · 9 replies
    catholicsentinel.org ^ | December 16, 2014
    WARSAW, Poland — A top Baltic church leader voiced concern about possible Russian aggression against Lithuania, Latvia and Estonia, and appealed to Western Catholics to be better informed about the situation. "We're in the front line, and Russia has made its intentions clear. While we feel NATO's support, we know the front could move forward if the international community fails to stand firm," said Archbishop Gintaras Grusas of Vilnius, president of the Lithuanian bishops' conference. "What isn't fully realized in the West is that the information and propaganda war which preceded the military action against Ukraine is very much underway...
  • Putin's cronies lose $50 billion

    12/16/2014 1:45:51 PM PST · by elhombrelibre · 58 replies
    CNN ^ | 16 Dec 14 | Ivana Kottasova
    Ouch! Russian billionaires have lost more than $50 billion this year due to the country's unfolding economic nightmare. Western sanctions, low oil prices and the falling ruble have wiped billions off the wealth of Russia's 15 richest men, according to data from Bloomberg. The chairman of Russian gas producer Novatek has suffered the biggest losses, seeing his portfolio shrink by an estimated $8.7 billion. That's equivalent to a loss of nearly 50%.
  • Iran Is Basically Running The Iraqi Government's Air War Against ISIS

    12/16/2014 11:07:12 AM PST · by tcrlaf · 11 replies
    BI ^ | 12-16-2014 | Joel Wing
    In November 2014 an Iranian jet was filmed carrying out a bombing mission in Iraq’s Diyala province. Iran was already known to have mobilized its militia allies, sent in advisers and military equipment, and brought in Lebanon’s Hezbollah to help Baghdad. General Qasim Suleimani, the head of the Iranian Revolutionary Guards' Quds Force, is all over social media with pictures showing him providing leadership to Iraqi forces.
  • Saudi Arabia’s oil war against Iran and Russia

    12/16/2014 11:13:56 AM PST · by Star Traveler · 46 replies
    The New York Post ^ | Sunday, December 14, 2014 | Ralph Peters
    This week, oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. That’s great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies. This price plunge has been driven by Saudi Arabia, OPEC’s dominant power. While it’s true that part of Riyadh’s actions respond to the energy renaissance in North America, the greater motivation is breaking Iran’s will. The Saudis believe they can no longer rely on the US to contain Tehran’s imminent nuclear threat, so they’re out to do what our lukewarm...
  • Sense or Sabotage? Russia's Central Bank Takes Flak for Interest Rate Hike

    12/16/2014 1:22:46 PM PST · by Tailgunner Joe · 25 replies
    themoscowtimes.com ^ | December 16, 2014 | Delphine d'Amora
    The Central Bank's midnight decision to hike Russia's key interest rate to 17 percent set off clashing waves of support and opprobrium Tuesday as Russia struggled to come to terms with its new economic reality. The regulator's decision to raise rates by 6.5 percent followed the ruble's 10 percent nosedive against the U.S. dollar on Monday, its steepest single-day decline since the financial crisis of 1998. Despite the measure, the Russian currency fell sharply on Tuesday, at one point weakening 20 percent to touch a new low of 80 rubles to the dollar. Western sanctions over the Ukraine crisis, oil...
  • Chechen leader Ramzan Kadyrov wants to quit his high post to go to help militias in Donbas

    12/16/2014 1:18:18 PM PST · by Tailgunner Joe · 3 replies
    itar-tass.com ^ | December 16, 2014
    MOSCOW, December 16 /TASS/. Chechen leader Ramzan Kadyrov said on Tuesday that he wanted to quit his high state post and leave for Ukraine’s Donbas region to help the local militias, the NTV channel reported on its website. Commenting on initiation of criminal proceedings against him in Ukraine and Kiev’s threats to put him on the international wanted list, Kadyrov told NTV’s “Bez Kupyur” (Without Banknotes) program that they could keep wagging their tongues for as long as they liked. “They can keep saying whatever they like. But I am going to ask the (Russian) president for permission to quit...
  • New Russia Sanctions Bill Will Be Signed by Obama, White House Says

    12/16/2014 11:58:27 AM PST · by elhombrelibre · 71 replies
    NYT ^ | 16 Dec 14 | Peter Baker
    WASHINGTON — President Obama has decided to sign legislation imposing further sanctions on Russia and authorizing additional aid to Ukraine, despite concerns that it will complicate his efforts to maintain a unified front with European allies, the White House said on Tuesday. The legislation calls for a raft of new measures penalizing Russia’s military and energy sectors and authorizes $350 million in military assistance to Ukraine, including antitank weapons, tactical surveillance drones and counter-artillery radar. The bill was approved unanimously by Congress, but Mr. Obama hedged for days on whether he would sign it. Continue reading the main story Related...
  • Falling Ruble Drives Out Expats

    12/16/2014 11:13:12 AM PST · by elhombrelibre · 15 replies
    MOSCOW TIMES ^ | 16 Dec 14 | Allison Quinn
    The Western sanctions hurled at Russia over its annexation of Crimea and involvement in Ukraine may have had one unintended (or perhaps intended?) side effect — the mass exodus of foreigners earning money on the magically disappearing ruble. The Moscow Times conducted an informal poll among expatriates currently working in Russia, and the majority said they were considering leaving the country or were already on the way out because of the ongoing currency crisis. "The weak ruble just means that it's not worth my time anymore," said one expat working as an editor for a state-run news agency who requested...
  • Russia's ruble in free fall amid panic

    12/16/2014 11:07:01 AM PST · by elhombrelibre · 29 replies
    USA TODAY | 16 Dec 14 | Anna Arutunyan
    Link only: http://www.usatoday.com/story/news/world/2014/12/16/russia-ruble-fall-oil-putin/20476411/
  • Autopsy on MP who criticized Russia (Germany; to rule out assassination)

    12/16/2014 8:27:58 AM PST · by Olog-hai · 5 replies
    TheLocal.de ^ | 16 Dec 2014 15:05 GMT+01:00 | (DPA/The Local)
    A court has ordered a postmortem on the body of politician Andreas Schockenhoff, a sharp critic of Russian president Vladimir Putin, to squash rumors of foul play after his death on Saturday night. […] It had initially been reported that the 57-year-old Christian Democratic Union (CDU) MP had died of heart failure. Schockenhoff was coordinator of foreign policy towards Russia for the German government from 2006 until earlier this year. He was a hawkish voice in the debate over how to deal with Putin and often clashed with his successor Gernot Erler of the Social Democratic Party (SPD). …
  • Ruble Continues Its Decline in Russia, Despite Interest Rate Increase

    12/16/2014 5:30:05 AM PST · by elhombrelibre · 15 replies
    NYT ^ | 16 Dec 14 | ANDREW E. KRAMERDEC
    MOSCOW — The ruble’s value continued to slide on Tuesday despite the Russian central bank’s extraordinary effort to defend it, inducing further panic in the nation’s financial industry and presenting President Vladimir V. Putin with an acute new set of political and economic challenges. Scenes that Russians hoped had receded into the past reappeared on the streets: Currency exchange signs blinked ever-changing digits, and Russians rushed to appliance stores to buy washing machines or televisions to unload rubles. “We are seeing an economic crisis,” Natalia V. Akindinova, a professor at the Higher School of Economics, said in a telephone interview....
  • Russian ruble suffers steepest drop in 16 years

    12/16/2014 4:41:16 AM PST · by elhombrelibre · 73 replies
    (Reuters) - The ruble plunged more than 10 percent for the second day on Tuesday and recorded its worst fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual overnight rate hike. The rouble opened around 10 percent stronger against the dollar following the overnight 650-basis-point rate hike, but it reversed gains in early trade and fell to record lows, pushing losses this year against the dollar to over 50 percent. At 0637 ET, the rouble was down over 11 percent against the dollar at 73.00 after dipping past 74 rubles per...
  • Russian economy on the brink as emergency moves fail to shore up collapsing rouble

    12/16/2014 4:16:08 AM PST · by elhombrelibre · 10 replies
    Daily Telegraph ^ | 16 Dec 14 | Peter Spence
    A brief rally in the rouble has ended, as an interest rate hike made in the dead of night has failed to restore investor faith in Russia's currency An overnight interest rate hike by the Central Bank of Russia (CBR) led to a brief rally in the value of the rouble, but it hasn’t lasted long. Late on Monday the CBR announced that it was increasing its key rate by 6.5 percentage points to 17pc. The emergency move came as a monumental decline in oil prices and continued uncertainty over Ukraine has led the rouble to fall by more than...
  • Ruble Sinks to 70 a Dollar Defying Surprise Russia Rate Increase

    12/16/2014 3:54:46 AM PST · by elhombrelibre · 5 replies
    Link only ^ | 16 Dec 14 | Vladimir Kuznetsov and Ksenia Galouchko
    Link only: Bloomberg http://www.bloomberg.com/news/2014-12-16/ruble-snaps-six-day-loss-on-surprise-rate-increase-to-17-percent.html
  • Russia's fast track to ruin

    12/16/2014 2:01:36 AM PST · by elhombrelibre · 46 replies
    BBC ^ | 16 Dec 14 | Robert Peston
    Here are the numbers that explain why the Russian economy is imploding in the face of a tumbling oil price and Western sanctions. Oil and gas energy represents two thirds of exports of around $530bn (£339bn). Without them, Russia would have a massive deficit on its trade and financial dealings with the rest of the world - which is why Russia's central bank expects a capital outflow of well over $100bn this year and next.
  • Russian Ruble Crashes to World's Worst-Performing Currency

    The ruble collapsed by 10 percent against the U.S. dollar Monday earning the Russian currency the dubious laurels of the world’s worst-performing currency this year. The Russian currency has now fallen 49.3 percent against the greenback since January, according to data from the Moscow Exchange. The drop takes it below the Ukrainian hryvna, which has weakened 47.9 percent in 2014. Monday’s plunge was the largest single-day fall for the ruble since the financial crisis of 1998 when Russia was forced to default on its debt after exhausting its reserves in a fruitless bid to prop up the currency. In evening...
  • Sorry, Putin. Russia’s economy is doomed

    12/15/2014 10:12:57 PM PST · by elhombrelibre · 140 replies
    Washington Post ^ | 15 Dec 14 | Matt O'Brien
    A funny thing happened on the way to Vladimir Putin running strategic laps around the West. Russia's economy imploded. The latest news is that Russia's central bank raised interest rates from 10.5 to 17 percent at an emergency 1 a.m. meeting in an attempt to stop the ruble, which is down 50 percent on the year against the dollar, from falling any further. It's a desperate move to save Russia's currency that comes at the cost of sacrificing Russia's economy. So even if it "works," things are about to get a lot worse. It's a classic kind of emerging markets...
  • Ruble jumps on Russia rate hike, oil pressured

    12/15/2014 7:54:01 PM PST · by Bettyprob · 1 replies
    Reuters ^ | December 15, 2014 | Lisa Twaronite
    (Reuters) - Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency. Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, adding to a spate of data showing more fatigue in the world's second-largest economy and heightening expectations that more stimulus will be needed to avert a sharper economic slowdown. "Concerns about the Russian economy and a slowdown in the...
  • Russia’s Central Bank Abruptly Raises Key Rate to 17%

    12/15/2014 4:19:02 PM PST · by Oldeconomybuyer · 16 replies
    New York Times ^ | December 15, 2014 | By DAVID M. HERSZENHORN
    MOSCOW — With Russia scrambling to contain a currency crisis, the country’s central bank, in a surprise middle-of-the-night move, increased its key interest rate to 17 percent, from 10.5 percent. Aleksei L. Kudrin, a former Russian finance minister who is widely credited with having steered Russia through the 2008 financial crisis by convincing President Vladimir V. Putin to build up sovereign reserves, said that uneven policy making was adding to the erosion of confidence. “The fall of the ruble and the stock market is not only a reaction to lower oil prices and sanctions, but also distrust in the government’s...
  • Russia heading for crash as ruble plummets

    12/15/2014 2:41:40 PM PST · by Berlin_Freeper · 81 replies
    money.cnn.com ^ | December 15, 2014 | Mark Thompson
    Russia's economy is crashing and its currency appears to be in free fall. The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.
  • Crude Oil Takes No Prisoners as Energy Selloff Tanks S&P 500

    12/10/2014 2:10:16 PM PST · by John W · 38 replies
    the street.com ^ | December 10, 2014 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- If investors had hoped stocks had absorbed most of the headwinds associated with lower oil prices, they were sorely disappointed on Wednesday as the commodity crash continued. Crude prices struggled to remain above $60 a barrel with West Texas Intermediate tanking 5.1% to $60.54 a barrel after OPEC warned that demand for oil in 2015 could slow to its lowest point in 12 years. Just as oil futures stabilized midmorning, the commodity sank to new lows after the EIA reported a large increase in oil imports contributed to oversupply in domestic crude oil inventories for the...
  • Ruble tumbles 9.5% to new record low despite interventions

    12/15/2014 11:16:32 AM PST · by elhombrelibre · 40 replies
    AFP ^ | 15 Dec 14 | Maria Antonova and Germain Moyo
    The Russian ruble tumbled 9.5 percent Monday to new record lows as falling crude prices pulled the rug out from under the currency of the oil exporting nation, with analysts saying the Kremlin needs to act to stop the free fall. The plunge in the ruble came as the central bank warned the low oil price could trigger a contraction of nearly 5 percent next year and tensions surged with the United States over Ukraine. The ruble broke through the level of 64 to the dollar and 78 to the euro for the first time even though the Bank of...
  • Rouble in sharpest fall since 1998 as storm clouds gather for Putin

    12/15/2014 11:02:05 AM PST · by elhombrelibre · 5 replies
    Reuters ^ | 15 Dec 14 | Alexander Winning and Vladimir Abramov
    * RTS share index plunges 10 percent to 5-year low * Central bank seen intervening to support rouble * Putin's popularity in part based on stability (Recasts and update prices) MOSCOW, Dec 15 (Reuters) - The rouble plunged almost 10 percent against the dollar on Monday, its sharpest fall since 1998, and Russian assets sold off across markets, testing the firepower of the central bank and posing a major challenge for President Vladimir Putin. Traders said the slump in the rouble, down 49 percent against the dollar this year, forced the central bank to intervene in the market on Monday...
  • Russian rouble falls to new low against US dollar (Ha, ha!!!)

    12/15/2014 10:56:05 AM PST · by elhombrelibre · 13 replies
    BBC ^ | 15 Dec 14 | Unknown
    The Russian rouble has dropped to a new low against the US dollar, as falling oil prices and Western sanctions continue to weigh on the country. As of Monday afternoon, it takes more than 60 roubles to buy a single dollar. The 60 mark is considered a "psychological barrier" for Russia's national currency, says the BBC's Moscow correspondent, Steve Rosenberg. Since the start of the year, the rouble has lost more than 45% of its value against the dollar. Russia's central bank has tried unsuccessfully to stabilise the currency, buying roubles in the markets and raising its main lending rate...
  • Syria conflict: Rebels capture key Idlib army bases

    12/15/2014 9:58:27 AM PST · by SunkenCiv · 13 replies
    BBC ^ | 15 December 2014 | unattributed
    Al-Qaeda's affiliate in Syria and allied rebel groups have taken control of two key army bases in the northern province of Idlib, activists say. Members of al-Nusra Front, supported by those from Jund al-Aqsa, captured Wadi al-Deif base on Monday after launching a fierce offensive on Sunday morning. Ahrar al-Sham later joined their assault on the nearby Hamidiya base. Forces loyal to President Bashar al-Assad had until now managed to repel a number of assaults on the facilities. Situated outside the town of Maarat al-Numan and next to the country's main north-south motorway, they have been surrounded since 2012. A...
  • Expert: Under $2 Gas Soon

    12/15/2014 8:22:33 AM PST · by central_va · 59 replies
    wrva richmond va ^ | 12/15/14 | Andy Doernen
    Richmond, Va. (1140wrva.com) Look for gas prices in the area to fall below $2 in the near future. Local gas industry analyst John Zehler, President of wholesaler Virginia Fuels, is predicting under $2 pump prices as the free fall in crude prices continues. Zehler says the price plunge has been going on for 6 months and it's going to be hard to turn it around until demand catches up with production. He says some folks think, with the current trend, we could see gas fall to $1.60 by the summer but admits it wild speculation.
  • Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal

    12/15/2014 6:48:02 AM PST · by thackney · 20 replies
    Rig Zone ^ | December 15, 2014 | Reuters
    U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision," Valeriy Chaliy told journalists, referring to a report by local media that Chevron had told the government it was pulling out of the deal. Chaliy declined to give further details....
  • Could Russian economic turmoil lead to Putin's downfall

    12/15/2014 6:42:15 AM PST · by elhombrelibre · 22 replies
    CNN ^ | 14 Dec 14 | Jill Dougherty
    Moscow (CNN) -- Russia looks richer in the snow. Muscovites, as they always have, stroll the main boulevard, Tverskaya Street, in their fur coats and hats on snowy evenings, basking in the holiday lights and decorations, their capital transformed into an icy wonderland. Moscow's coffee shops are full of young Russians still willing to pay 300 to 400 rubles for a latte. But the foreign currency exchange shops I pass are an ominous sign. Just a few weeks ago, 300 rubles was worth about $10. Now, it's about half that. Thursday, I exchange dollars for rubles and get a rate...
  • Stunning Investigative Video Proves Turkey Conspiring With ISIS on Syrian Border….

    10/28/2014 3:01:42 PM PDT · by Nachum · 19 replies
    Conservative Treehouse ^ | 10/28/14 | Sundance
    Last week a U.S. journalist, Serena Shim, was murdered in Turkey for exposing the truth of Turkey’s President Recep Erdogan allowing and facilitating ISIS militants going to and from Turkey into strategic positions around Kobane (Kobani). Now an independent journalist team have used video to show Turkish police and military meeting with ISIS militants on the Turkish border. Obviously the brutal reality of this expose’ is dangerous to Erdogan’s deceptive claims to the contrary. As a consequence, and in an effort to hide the inherent reality while simultaneously deflecting attention from both events, the Erdogan administration is directing Western media
  • Russian arms sales soar on domestic spending

    12/15/2014 12:30:55 AM PST · by wetphoenix · 3 replies
    Stockholm (AFP) - Sales by Russian arms manufacturers continue to expand thanks to Moscow's investments despite a downturn in global defence spending, a Stockholm-based think-tank said Monday. "The remarkable increases in Russian companies' arms sales in both 2012 and 2013 are in large part due to uninterrupted investments in military procurement by the Russian government during the 2000s," said Siemon Wezeman, senior researcher at the Stockholm International Peace Research Institute (SIPRI). Sales by Russian-based arms firms grew by 20 percent in 2013, according to SIPRI. However, figures for the 100 biggest arms-dealing nations excluding China declined for the third year...
  • Rubio, Ros-Lehtinen Banned From Nicaragua

    12/14/2014 6:55:09 PM PST · by Olog-hai · 15 replies
    Newsmax ^ | Sunday, 14 Dec 2014 08:44 PM | Greg Richter
    Nicaraguan President Daniel Ortega has banned two American lawmakers from his country after they helped push through legislation last week to ban Venezuelan officials from the United States. “Just like they [U.S. officials] have their lists, we can make our own lists in Latin America of those who shouldn’t enter our country,” Ortega told Costa Rica’s Tico Times. Sen. Marco Rubio and Rep. Ileana Ros-Lehtinen laughed off Ortega’s ban, The Miami Herald reported. …
  • Oil price crash means £55bn of projects face axe

    12/14/2014 7:34:21 PM PST · by Lorianne · 6 replies
    Telegraph (UK) ^ | 13 December 2014 | Andrew Critchlow
    Dozens of new oil projects in the North Sea and Europe could be shelved as falling prices force international oil companies to tear up their investment plans. Global energy consultancy Wood Mackenzie has said that 32 potential European oil field developments containing 4.9bn barrels of oil equivalent are waiting for approval on more than $87bn (£55bn) of funding. These could be at risk should oil prices fall below $60 per barrel. “Major projects and investment in the UK and across Continental and Mediterranean Europe could be at risk if prices stay below $80 per barrel, as over 70pc of the...
  • Bakken-Cushing pipeline project slammed shut

    12/14/2014 5:55:26 PM PST · by Red in Blue PA · 14 replies
    Enterprise Products Partners (EPD) is shelving a proposed pipeline that would have transported crude from North Dakota to Oklahoma, the company announced on Friday. The news came in the midst of a brutal slide in global oil prices that have raised concerns about whether U.S. companies will continue to build on the expansion of oil production. Middle East oil producers have yet to announce a cut in production to offset the drop in crude, in what some analysts say is a slow-bleed strategy designed to make pumping crude as uneconomic as possible for the world's fastest growing non-OPEC oil producer....
  • President of Lithuania Gets Punk’d After Declaring Russia a ‘Terrorist State’

    12/15/2014 12:38:19 AM PST · by wetphoenix · 60 replies
    Copies of a highly critical book land in the private, inaccessible mailboxes of all Members of European Parliament The last time Lithuania’s leader, Dalia Grybauskaite, talked to Vladimir Putin personally was in 2010, when he was still Prime Minister of the Russian government. But Ms Grybauskaite, the president of this small Baltic country of 3 million people, has been talking about him all the time since. And now, she is in trouble. It all started with an interview she gave to the Washington Post (Sept. 24) in which Ms Grybauskaite said that Russia is allowed by “Europe and the world...
  • New advanced frigate set afloat in Russia

    12/14/2014 9:00:50 PM PST · by sukhoi-30mki · 18 replies
    Tass, Russia ^ | December 12, 2014
    The second Project 22350 frigate, the Admiral Kasatonov, was set afloat at the Northern Wharf in Russia's northern capital of St. Petersburg in the presence of Russia’s Navy Chief Commander Admiral Viktor Chirkov. “We set afloat a second Project 22350 warship designed for remote sea areas to ensure Russian national interests in any part of oceans in the world. This warship has embodied all thoughts and ideas of our designers and requirements of our fleet,” Chirkov said. He recalled that Admiral Gorshkov, the first warship of the project, is already at sea trials. “I hope that the Northern Fleet will...
  • Turkey could scrap controversial Chinese missile purchase

    11/12/2014 5:52:36 AM PST · by DeaconBenjamin · 1 replies
    Hürriyet ^ | November/12/2014
    Turkey could scrap a controversial plan to buy missile defense systems from China that alarmed the United States and its Western allies, Turkish and European sources said on Nov. 12. Key NATO member Turkey said in September last year that it was entering negotiations with the China Precision Machinery Export-Import Corporation (CPMIEC) to acquire its first long-range anti-missile systems. However, the plan has deeply concerned the United States, which has already imposed sanctions on the Chinese company for supplying arms to Iran and Syria in defiance of an embargo. "Several options are on the table, including a cancellation of the...
  • Turkey arrests 27 in swoop on anti-Erdogan media

    12/14/2014 3:18:44 PM PST · by BenLurkin · 13 replies
    yahoo ^ | Dilay Gundogan
    Turkish police on Sunday arrested the editor of Turkey's biggest-selling newspaper and 26 others in lightning raids on supporters of a US-based cleric who has become President Recep Tayyip Erdogan's top foe.